Can I retire at age 40 with 9,800,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $9,800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$809,275$802,066$795,033$788,169$781,466$764,438
2 years$400,631$393,170$385,938$378,927$372,127$355,057
3 years$264,434$256,941$249,728$242,782$236,092$219,514
4 years$196,349$188,879$181,738$174,911$168,383$152,424
5 years$155,509$148,083$141,036$134,348$128,002$112,707
6 years$128,291$120,921$113,978$107,440$101,284$86,668
7 years$108,857$101,549$94,716$88,332$82,371$68,438
8 years$94,288$87,047$80,327$74,099$68,335$55,080
9 years$82,963$75,790$69,186$63,116$57,548$44,961
10 years$73,908$66,805$60,318$54,407$49,033$37,102
11 years$66,505$59,472$53,103$47,350$42,170$30,879
12 years$60,339$53,379$47,127$41,533$36,544$25,875
13 years$55,126$48,239$42,105$36,667$31,867$21,801
14 years$50,662$43,848$37,832$32,549$27,934$18,452
15 years$46,797$40,056$34,157$29,028$24,596$15,675
16 years$43,418$36,751$30,968$25,991$21,738$13,358
17 years$40,439$33,846$28,180$23,353$19,274$11,412
18 years$37,795$31,275$25,725$21,046$17,138$9,771
19 years$35,431$28,986$23,550$19,017$15,275$8,382
20 years$33,307$26,935$21,613$17,223$13,644$7,201
21 years$31,388$25,089$19,879$15,631$12,210$6,195
22 years$29,645$23,419$18,322$14,212$10,944$5,335
23 years$28,056$21,904$16,917$12,943$9,824$4,600
24 years$26,602$20,522$15,645$11,805$8,830$3,968
25 years$25,266$19,259$14,491$10,781$7,946$3,426
26 years$24,035$18,101$13,440$9,858$7,157$2,960
27 years$22,897$17,035$12,480$9,023$6,453$2,559
28 years$21,842$16,052$11,602$8,267$5,823$2,213
29 years$20,862$15,143$10,796$7,581$5,258$1,914
30 years$19,949$14,301$10,056$6,958$4,751$1,657
31 years$19,096$13,519$9,375$6,390$4,295$1,434
32 years$18,298$12,792$8,747$5,872$3,885$1,242
33 years$17,550$12,114$8,167$5,400$3,516$1,076
34 years$16,848$11,481$7,631$4,969$3,183$932
35 years$16,187$10,890$7,135$4,574$2,883$807
36 years$15,565$10,336$6,674$4,213$2,612$699
37 years$14,977$9,817$6,247$3,881$2,368$606
38 years$14,422$9,330$5,850$3,577$2,147$525
39 years$13,896$8,872$5,481$3,299$1,947$455
40 years$13,398$8,441$5,137$3,042$1,766$395
41 years$12,926$8,035$4,817$2,807$1,602$342
42 years$12,477$7,652$4,519$2,591$1,454$297
43 years$12,050$7,291$4,240$2,391$1,319$257
44 years$11,644$6,950$3,980$2,208$1,197$223
45 years$11,257$6,627$3,737$2,039$1,087$193
46 years$10,888$6,322$3,510$1,884$987$168
47 years$10,535$6,033$3,298$1,740$896$145
48 years$10,198$5,759$3,099$1,608$814$126
49 years$9,876$5,500$2,913$1,486$739$109
50 years$9,568$5,254$2,738$1,374$671$95

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 40 starting with $9,800,000, adding $2,319 every year, while hoping to spend $27,374 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 55/20/25 Blend
39$9,800,000$9,800,000$9,800,000$9,800,000
40$10,801,992$10,282,592$10,130,692$11,321,715
41$11,874,670$10,757,313$10,440,945$12,153,964
42$13,055,843$11,254,379$10,760,673$13,056,835
43$14,356,549$11,774,854$11,090,166$14,039,592
44$15,788,951$12,319,856$11,429,721$15,109,917
45$17,366,452$12,890,556$11,779,644$16,276,260
46$19,103,819$13,488,182$12,140,251$17,547,908
47$21,017,325$14,114,020$12,511,866$18,935,082
48$23,124,905$14,769,419$12,894,826$20,449,018
49$25,446,317$15,455,793$13,289,475$22,102,079
50$28,003,338$16,174,624$13,696,169$23,907,867
51$30,819,963$16,927,464$14,115,275$25,881,345
52$33,922,631$17,715,942$14,547,169$28,038,979
53$37,340,482$18,541,766$14,992,241$30,398,888
54$41,105,622$19,406,723$15,450,892$32,981,010
55$45,253,433$20,312,691$15,923,535$35,807,291
56$49,822,905$21,261,634$16,410,595$38,901,886
57$54,857,002$22,255,615$16,912,511$42,291,380
58$60,403,071$23,296,794$17,429,734$46,005,041
59$66,513,283$24,387,436$17,962,729$50,075,086
60$73,245,134$25,529,916$18,511,977$54,536,984
61$80,661,980$26,726,725$19,077,970$59,429,786
62$88,833,638$27,980,470$19,661,218$64,796,487
63$97,837,046$29,293,890$20,262,246$70,684,429
64$107,756,985$30,669,852$20,881,592$77,145,740
65$118,686,887$32,111,363$21,519,814$84,237,822
66$130,729,707$33,621,578$22,177,486$92,023,888
67$143,998,903$35,203,801$22,855,197$100,573,549
68$158,619,502$36,861,498$23,553,557$109,963,470
69$174,729,282$38,598,302$24,273,192$120,278,083
70$192,480,073$40,418,024$25,014,749$131,610,377
71$212,039,190$42,324,656$25,778,893$144,062,773
72$233,591,011$44,322,388$26,566,309$157,748,077
73$257,338,718$46,415,608$27,377,704$172,790,542
74$283,506,215$48,608,922$28,213,805$189,327,031
75$312,340,245$50,907,154$29,075,363$207,508,300
76$344,112,711$53,315,366$29,963,149$227,500,412
77$379,123,253$55,838,865$30,877,960$249,486,298
78$417,702,068$58,483,212$31,820,615$273,667,468
79$460,213,032$61,254,242$32,791,958$300,265,911
80$507,057,133$64,158,072$33,792,860$329,526,173
81$558,676,256$67,201,113$34,824,217$361,717,660
82$615,557,359$70,390,092$35,886,953$397,137,163
83$678,237,061$73,732,058$36,982,017$436,111,656
84$747,306,718$77,234,406$38,110,392$479,001,362
85$823,417,999$80,904,887$39,273,085$526,203,145
86$907,289,038$84,751,631$40,471,138$578,154,243
87$999,711,220$88,783,160$41,705,620$635,336,377
88$1,101,556,644$93,008,414$42,977,638$698,280,287
89$1,213,786,359$97,436,764$44,288,326$767,570,727
90$1,337,459,439$102,078,037$45,638,857$843,851,966
91$1,473,742,981$106,942,540$47,030,437$927,833,854
92$1,623,923,118$112,041,077$48,464,310$1,020,298,507
93$1,789,417,167$117,384,981$49,941,755$1,122,107,667
94$1,971,787,006$122,986,134$51,464,093$1,234,210,825
95$2,172,753,822$128,856,996$53,032,681$1,357,654,155
96$2,394,214,356$135,010,633$54,648,920$1,493,590,377
97$2,638,258,814$141,460,747$56,314,252$1,643,289,612
98$2,907,190,596$148,221,706$58,030,162$1,808,151,350
99$3,203,548,045$155,308,578$59,798,181$1,989,717,636
100$3,530,128,410$162,737,163$61,619,885$2,189,687,607